Tech giant Nvidia posted record revenue and strong profit for the third quarter, beating Wall Street expectations, amid exploding growth in artificial intelligence

The chip maker says revenue for the three months to October jumped 62% to $57bn.

The positive earnings report comes a month after Nvidia CEO Jensen Huang said the company had $500 billion in orders for its AI chips.

Strong revenue and “off-the-charts” GPU demand show Nvidia’s AI engine still roaring as CEO Jensen Huang delivers a beat-and-raise quarter

Tech giant Nvidia posted record revenue and strong profit for the third quarter, beating Wall Street expectations, amid exploding growth in artificial intelligence

Nvidia's market cap was over $4.5 trillion at close of trading on Wednesday. The GDP of Japan, the world's fourth-largest economy, is $4.28 trillion.